Core Viewpoint - The launch of the Hi-MO X10 lightweight dual-protection module by Longi Green Energy addresses the challenge of installing photovoltaic systems on roofs with low load-bearing capacity, which affects over 30% of rooftops. The product is designed for old factories and lightweight structures, claiming to be the "preferred product for low-load commercial rooftops" [2][4]. Group 1: Product Features - The Hi-MO X10 module weighs only 7.2 KG/m², utilizing multiple weight-reduction techniques, resulting in a 42% weight reduction compared to conventional dual-glass TOPCon modules, thereby reducing the load on a 10,000 m² roof by 34 tons [2]. - The module achieves a conversion efficiency of 24.8%, with a power output increase of 140W compared to standard lightweight modules, and reduces overall Balance of System (BOS) costs by 33% [2][3]. Group 2: Structural Integrity - Despite the weight reduction, the Hi-MO X10 maintains high quality, with a 50% increase in maximum load-bearing capacity and a 50% reduction in deformation at the center of the module, enhancing its compressive and bending resistance [3]. - The module employs HPBC 2.0 technology, which improves mechanical strength by 16% and reduces edge stress by 48%, while the 0BB battery structure enhances compressive strength by 23%, ensuring greater reliability [3]. Group 3: Market Position and Advantages - The Hi-MO X10 has been installed in a pilot project at the Chongqing Wanhua Cultural and Creative Industry Park, where the total weight of the installation was reduced by nearly 40% compared to conventional TOPCon modules [4]. - The financial performance of the project indicates that the income and payback period are superior to traditional models that require roof reinforcement, allowing the park to continue operations during installation, thus maintaining revenue and improving renovation efficiency [5]. Group 4: Future Developments - Longi Green Energy is committed to a development philosophy centered on reliability and technological leadership, having established a product system based on second-generation BC technology and is set to introduce various "scenario-based" products to meet diverse customer needs [5].

Core Viewpoint - The resignation of Longi Green Energy's general manager, Li Zhenguo, marks a significant leadership change amid a challenging period for the solar industry, with the company facing its first annual loss since 2013 [1][2][9]. Company Overview - Li Zhenguo, the founder and actual controller of Longi Green Energy, has resigned to focus on research and technology management, while his daughter, Li Shuxuan, is expected to take a prominent role in the company [2][3][5]. - Longi Green Energy will hold a shareholders' meeting on June 30, 2024, to elect Li Shuxuan as a non-independent director [2][5]. Financial Performance - In 2024, Longi Green Energy reported a revenue of 825.82 billion yuan, a decrease of 36.23% year-on-year, and a net loss of 86.18 billion yuan, marking the first annual loss since 2013 [9]. - The company's revenue from components and battery products accounted for approximately 80.32% of total revenue in 2024 [8]. - In the first quarter of 2024, Longi Green Energy's revenue was 136.52 billion yuan, down 22.75% year-on-year, with a net loss of 14.36 billion yuan [9]. Industry Context - The solar industry is undergoing unprecedented adjustments, characterized by increased supply and declining prices, leading to widespread losses among companies [9]. - Despite strong global demand for solar installations, with an estimated 530 GW added in 2024 (up 36% year-on-year), the industry faces significant operational pressures due to supply-demand imbalances and trade barriers [9]. Research and Development Focus - Longi Green Energy is committed to advancing its BC technology, with R&D investments exceeding 50 billion yuan in 2024 [2][10]. - The company has successfully mass-produced its HPBC 2.0 battery technology, achieving a production efficiency of 24.8%, the highest in the world for mass production [10]. - From 2022 to 2024, Longi Green Energy's total R&D investment reached 198.77 billion yuan, reflecting its focus on innovation and technology leadership [10].